Annulment of the Cash for Cars system by the Belgian Constitutional Court
As from January 2018, employees have the possibility to exchange their company cars for a mobility allowance – the so called Cash for Cars system. This mobility allowance is subject to a beneficial social security & income tax treatment. The main goal of the implementation of the Cash for Cars system was to tackle the
Draft law modifying the mobility allowance (better known as the cash for car) adopted at first reading by the Finance Commission
Last Wednesday, the Finance Commission has approved at first reading the draft law modifying the Mobility Allowance. The main goals of the changes are to increase the attractiveness of the Mobility Allowance as well as to align it with the future Mobility Budget scheme. The Mobility Allowance, which entered into force last year, is an
Parliamentary Commission of Finance approves Mobility Budget
On Wednesday, 16 January, the Parliamentary Commission of Finance has approved the Mobility Budget. This is one of the last steps before the Mobility Budget can finally enter into force. If the Commission on Social Matters approves it as well then the Parliament will give the final green light in plenary session in February and
Mobility budget (and changes on mobility allowance) sent to parliament for approval
The draft legislation on the introduction of a Mobility Budget and the draft legislation on the changes to the law introducing a Mobility Allowance have been sent to parliament by the Federal government. As a quick reminder The idea of the mobility budget is (just like the mobility allowance) to stimulate employees who have a
The mobility allowance is already being revised
As from 1 January 2018, it is possible for employees to exchange their company cars for a mobility allowance – the so called ‘cash for cars’- which is subject to a beneficial social security & income tax treatment (see our newsflash of 25 May 2018). Now, after a short evaluation period, the Belgian Federal Government
Is your mobility strategy up to date?
The changing world of mobility In Belgium, cars are still the most frequently used means of transportation. Given the current tax and social security landscape, the company provided car is still a highly valued element in the reward scheme by many employees. Nonetheless, the landscape of the company car is changing with the upcoming new WLTP (Worldwide
